. but if there is no solution to the fiscal cliff, it will increase to 20%. sylvia hall, nbr, washington. >> tom: energy is one of those political issues that is part economic and part foreign policy. and it plays out every day in the trading pits. november crude oil futures settled at $91.37, down nearly half a percent. we continue our series "politics and the pits" with erika miller and oil trader john netto, president of m-3 capital. tomorrow, we continue "politics >> how are traders in general viewing the election? >> well, the election is opinions aside, and no entity. obama is ahead. all the polls in the key states, the battleground states, obama has a lead as well. the markets discounted an obama win, and as a result, this bullish for risk, and for oil as well. >> how high do you continuing crude could go? >> i think $96, $97. not because of an obama victory, but because of bifurcation economically around the world. oi. the split side, what happen fist we can have a romney victory. >> i think oil rallies in either case. if romney wins, it rallies more, because romney victory is risk conducive which woul